The Rise Of Medical Tourism Accepting Crypto Currencies

Russ Alan Prince
, ContributorI write about the creation and management of exceptional wealth.Opinions expressed by Forbes Contributors are their own.

Healthcare is being transformed in many ways. For example, not only are the rich and super-rich embracing concierge medicine, but also so are those less wealthy looking for higher quality care than is often traditionally available.

At the same time, medical tourism is booming. This is where people travel to another country to receive medical treatment. For instance, people will travel from less developed countries to receive superior medical care in more developed countries. However, many people are now traveling throughout the world to receive less expensive medical care. A growing number of healthcare institutions and practices are looking to capitalize on medical tourism. Some are looking to the very wealthy, and others are focusing on a broader audience.

At the same time, an increasing number of healthcare institutions as well as concierge medical practices are accepting crypto currencies. According to Peter Sasaki, managing member of CGS Associates and an expert in the field, “The protected nature of blockchains has the potential to be a superior way to access healthcare throughout the world. It’s not just about the price and potential appreciation of a crypto currency. It’s more about the security available because of blockchains.”

In a small corner of the world of the global super-rich (net worth = $500 million or more), using crypto currencies and blockchain technology is essential. For these extremely wealthy families, confidentiality for a plethora of reasons is a must. Moreover, it is very likely a growing number of super-rich families will make greater use of blockchain technology to address healthcare matters especially when it comes to accessing and paying for healthcare throughout the world.

All in all, medical tourists are likely to increasingly use crypto currencies and blockchain technology. For a growing percentage of the rich and super-rich and many less wealthy individuals and families, there are distinct advantages of using crypto currencies.